At Laka, you may cancel your policy at any time and pay your share for the days in the month you had an active policy.
We understand that you may want to pause your policy without severing ties with the collective, so this is perfect for winter hibernation or when you know you’ll be off of the bike. You can pause your policy within your account and quickly reactivate it again when you’re ready to get back on the bike.
What happens when I cancel my Laka bike insurance policy?
When you cancel you'll receive your final statement on the 1st of the month.
This means that if you cancel on the last day of the month, you will get your final statement the next day.
If you cancel on the 1st of the month, you will get your final statement (for 1 day of cover) on the 1st of the next month.
Example: You receive your statement on the 1st of September and cancel your policy on the same day. You will receive your final statement for 1 day of cover on the 1st of October.
As always, if you need help, contact us.